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NEW YORK CITY, NY / ACCESS Newswire / June 17, 2025 / Influencer Luke Parry and entrepreneur Andrea Harris Jr. have officially announced a strategic business partnership that aims to reshape the digital landscape. With plans to launch a series of ventures spanning fashion, social technology and influencer marketing, the duo intends to capitalize on some of the fastest-growing sectors in today’s economy.

The collaboration marks a significant milestone for both Parry and Harris Jr., combining creative influence with operational expertise to build what they describe as “a portfolio of brands designed for the future of consumer behavior.”

A Digital-Era Alliance

Parry, known for his cinematic content, emotional storytelling and influential presence across social platforms, brings a powerful cultural pulse to the partnership. Harris Jr., a strategist and product developer with a background in early-stage startups and brand architecture, brings the operational clarity and business infrastructure necessary to scale quickly.

“We’re not just launching products-we’re launching ecosystems,” Harris Jr. said. “Everything we do is designed to connect, convert and cultivate long-term consumer relationships.”

The partnership will center around three key verticals: fashion, dating and digital influence. Each reflects both the cultural relevance of their personal brands and the broader economic trends fueling growth in these industries.

Targeting High-Growth Markets

The fashion sector is expected to exceed $1.2 trillion globally by 2027, with significant growth coming from direct-to-consumer models, gender-fluid design and sustainability-focused brands. Parry and Harris Jr. intend to leverage this momentum by launching a fashion brand that centers individuality, self-expression and eco-conscious production.

“The fashion industry is overdue for reinvention,” Parry said. “Consumers want transparency, story and design they can see themselves in. We’re going to deliver that.”

Equally high on their agenda is the dating and relationship technology space, which has seen explosive demand in recent years. According to Statista, the global online dating market is projected to surpass $12 billion by 2030, fueled by younger users seeking more personalized, secure and experience-driven platforms.

Parry and Harris Jr. plan to launch a new dating app that focuses on compatibility, conversation and community-pushing back against the often impersonal swipe-based culture of traditional apps.

“We’re creating something that fosters genuine connection,” Harris Jr. said. “This isn’t gamification. It’s human-first technology.”

Influencer Marketing 2.0

In addition to launching consumer-facing products, the pair intends to build out a new model for influencer marketing-one that prioritizes authenticity, long-term partnerships and co-creation.

With global influencer marketing spend projected to reach $32 billion by 2026, they see an opportunity to set a new standard. The partnership includes plans to develop proprietary tools that connect creators with brands through transparent, equity-based relationships.

“We understand this space from both sides,” Parry said. “We’ve been the talent. We’ve built the content. Now we’re building the infrastructure.”

The goal is to support emerging influencers while also helping legacy brands connect to new audiences more effectively.

Designed for Longevity

While the ventures are still in early stages, both founders emphasized that the long-term vision is to build enduring brands-not momentary hype.

Each business under their collaboration will follow a phased launch strategy, with beta testing and community involvement playing a central role in development. The duo has already begun assembling a cross-disciplinary advisory team of technologists, designers and brand operators.

“We’re playing the long game,” Harris Jr. said. “This is about solving real problems and building value at scale.”

Consumer-Centric, Value-Driven

Whether in fashion, dating or digital influence, the partners share a deep focus on user experience, ethical practices and cultural relevance. They aim to build not just brands-but belief systems that consumers can trust and participate in.

By staying agile and focused on underserved markets, they believe they can create category-defining experiences that resonate with a new generation of consumers.

Looking Ahead

As anticipation builds, Parry and Harris Jr. will spend the next several months developing brand strategy, platform infrastructure and early partnerships ahead of phased launches beginning in 2026.

Public announcements and product previews are expected later this year, with early access opportunities available to subscribers through their forthcoming platform.

“This is the future of brand-building,” Parry said. “It’s bold. It’s personal. And it’s just the beginning.”

About Luke Parry
Luke Parry is a digital creator and cultural voice known for his emotional storytelling and distinctive visual style. His content has garnered a loyal following across multiple platforms, and he is widely regarded as one of the next-generation leaders in content-driven commerce.

About Andrea Harris Jr.
Andrea Harris Jr. is an entrepreneur, strategist and advisor with a background in building scalable businesses across technology, fashion and consumer marketing. He specializes in brand incubation, digital infrastructure and venture growth.

Contact:

Jake Bodiford
mgmt@northregia.com

SOURCE: Harris & Parry LLP

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Need a Ride to Your Medical Appointment? Diamond Care Transportation Offers Safe, On-Time NEMT Services for Seniors and Disabled Patients in South Carolina

GREENVILLE, SOUTH CAROLINA / ACCESS Newswire / June 17, 2025 / Diamond Care Transportation is proud to offer safe, reliable, and wheelchair-accessible Non-Emergency Medical Transportation (NEMT) for seniors, disabled individuals, and patients who need help getting to medical appointments. Based in South Carolina, Diamond Care is now serving Florida, Maryland, and Washington, D.C., as well.

If you or a loved one needs a ride to a doctor’s office, hospital, physical therapy, dialysis center or clinic, Diamond Care makes it easy. No long wait times, no confusion – just caring drivers, clean vehicles, and dependable service you can count on.

What We Offer:

• Wheelchair-accessible vehicles for any mobility level

• Friendly, trained, and CPR-certified drivers

• On-time pickup and drop-off

• Recurring or one-time ride options

• Service from home, nursing home or medical facility

“We believe no one should miss medical care because they can’t get there,” said a representative from Diamond Care. “That’s why we go above and beyond to make sure every patient arrives safely and on time – with care, dignity, and comfort.”

Now Booking NEMT Rides in:

• South Carolina (including Greenville, Columbia, and Charleston)

• Florida (Miami, Tampa, Orlando, Jacksonville)

• Washington State (Seattle, Spokane, Tacoma)

• Maryland (Baltimore, Rockville, Silver Spring)

• Washington, D.C.

Whether it’s a regular appointment or an urgent follow-up, Diamond Care is your partner in health transportation. We help seniors and individuals with disabilities get the care they need – without stress.

Need a Non Emergency Medical Ride to the Doctor? Diamond Care Transportation is Here to Help!

Ready to Book a Ride?

Call Now: +1 (864) 335-9824
Email: info@diamondcaretransportation.com
Website: https://diamondcaretransportation.com

We’re available to answer questions and schedule rides – whether it’s for tomorrow or next week. Let Diamond Care Transportation help you get there safely.

About Diamond Care Transportation

Diamond Care Transportation provides Non-Emergency Medical Transportation (NEMT) with a focus on wheelchair transport, senior care, and disability support. We proudly serve patients across South Carolina, Florida, Washington, Maryland, and D.C., offering trusted service that puts your comfort and health first.

CONTACT: info@diamondcaretransportation.com

SOURCE: Diamond Care Transportation

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NEW YORK CITY, NY / ACCESS Newswire / June 17, 2025 / New to The Street, a leading multi-platform media brand for business and financial television, proudly announces the signing of Backstage (NASDAQ:BKS) to an exclusive 12-part national media series.

This powerful media rollout will include monthly long-form interviews, earned media coverage, national television commercials, and Times Square outdoor billboards, reaching over 220 million homes weekly through New to The Street‘s distribution across Bloomberg, Fox Business as sponsored programming, and its fast-growing 2.7M+ subscriber YouTube channel.

Backstage will be featured across all New to The Street platforms as an “Opportunity To Consider™”, with full editorial support and visibility as the company pioneers real-world utility and mainstream adoption of tokenized entertainment through $BKS.

With partnerships already underway across music, sports, and live events, Backstage is rapidly building one of the most comprehensive ecosystems in Entertainment 3.0, positioning itself as a global innovator in tokenized real-world assets (RWA) in the entertainment sector.

“Backstage is unlocking a new era for fans, artists, and event organizers,” said Vince Caruso, CEO of New to The Street. “We’re excited to amplify their story and give them national visibility as they reshape the future of live experiences through digital infrastructure and Web3 technology.”

The campaign begins this month, with first filming in June, followed by a series of national T.V. broadcasts and NYC-based investor and industry events.

About Backstage (NASDAQ:BKS):
Backstage is an Entertainment 3.0 platform built for fans, artists, and event organizers. It enables users to book tickets, hotels, and flights while earning and spending $BKS tokens. Focused on real-world utility and mainstream adoption, Backstage is shaping the future of live experiences-where fans don’t just follow the crowd, they drive it. For the first time, artists and event organizers can capture value from the parallel economy their events generate-hotels, travel, local spending, and digital engagement-transforming previously untapped influence into new revenue streams.

About New to The Street:
New to The Street is a premier financial media platform combining sponsored television programming, earned media coverage, and iconic outdoor advertising. With content distributed on Bloomberg, Fox Business, and YouTube, the platform helps public and private companies reach investors, media, and consumers with unmatched scale and credibility.

Media Contact:

Alessio Piras
ap@ BACKSTAGE.GLOBAL

Monica Brennan
monica@newtothestreet.com

SOURCE: New To The Street

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President and COO Judy Murrah Appointed New Chairperson of the Board of Directors and CEO

STONY BROOK, NY / ACCESS Newswire / June 17, 2025 / Applied DNA Sciences, Inc. (NASDAQ:APDN) (“Applied DNA” or the “Company”), a leader in PCR-based DNA technologies, today announced that Chairperson and Chief Executive Officer Dr. James A. Hayward is retiring from the Company and will step down from the Board of Directors effective June 18, 2025, following a distinguished 20-year term. During his tenure, Dr. Hayward was instrumental in transforming the Company’s proprietary DNA production and detection technologies into commercial platforms, thereby establishing the foundation for Applied DNA’s current market offerings.

Furthermore, the Board of Directors of Applied DNA has appointed Judy Murrah to the roles of Chairperson, Board Director, and Chief Executive Officer in addition to retaining her current position as President. Ms. Murrah will lead the executive management team, which comprises Clay Shorrock, Chief Legal Officer and President of LineaRx, the Company’s biotherapeutics subsidiary, and Beth Jantzen, Chief Financial Officer.

With over a decade of operational leadership at Applied DNA, Ms. Murrah has been influential in driving product commercialization, business scaling, and, more recently, the launch of the Company’s GMP-compliant DNA manufacturing capabilities. She was previously with Symbol Technologies (“Symbol”), where she played key roles in the company’s growth from an early-stage company to an enterprise with approximately $2 billion in revenue and 5,000 employees, holding successive Vice President positions across Sales, Marketing, and Information Technology. Following Symbol’s acquisition by Motorola, Inc. (“Motorola”), she held strategic leadership roles at Motorola, overseeing critical financial management, quality, and program management initiatives during significant business transformations, mergers, acquisitions, and divestitures. Ms. Murrah is an inventor on 14 U.S. patents and holds an MBA from Harvard Business School.

Board Director Robert C. Catell stated, “On behalf of all the employees of the Company and the Board of Directors, I offer sincere thanks to Jim for his many years of scientific innovation, personal contribution, and passion he brought to Applied DNA. His accomplishments and impact are wide-ranging and will endure with the Applied DNA team and the local Long Island community.”

Continued Mr. Catell, “Judy has played an increasingly key role in recent years and has helped to grow who we are today as a company. Applied DNA is poised for opportunity with an established biotherapeutic manufacturing capability that we believe is proven to address the manufacturing challenges identified by the industry. Driving it to deployment and scale with customers, partners, and regulators is our next mission, and the Board is confident that Judy’s leadership will put the Company on the best path forward to maximize long-term shareholder value.”

Added Ms. Murrah, “I am honored to take on the Chairperson and CEO roles and lead our associates and Applied DNA forward at this important inflection point, as we focus on our most promising aspects of our businesses, drive increased operating efficiency, and navigate the current macro environment.”

About Applied DNA Sciences

Applied DNA Sciences is a biotechnology company developing technologies to produce and detect deoxyribonucleic acid (“DNA”). Using the polymerase chain reaction (“PCR”) to enable both the production and detection of DNA, we operate in two business markets: (i) the enzymatic manufacture of synthetic DNA for use in the production of nucleic acid-based therapeutics and the development and sale of a proprietary RNA polymerase (“RNAP”) for use in the production of mRNA therapeutics; and (ii) the detection of DNA and RNA in molecular diagnostics and genetic testing services.

Visit adnas.com for more information. Follow us on X and LinkedIn.

Forward-Looking Statements

The statements made by Applied DNA in this press release may be “forward-looking” in nature within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe Applied DNA’s future plans, projections, strategies, and expectations, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Applied DNA. These forward-looking statements are based largely on the Company’s expectations and projections about future events and future trends affecting our business and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements, including statements regarding the ability of Ms. Judy Murrah to successfully replace Dr. James Hayward as Chairperson and CEO of the Company, its goal to position the Company for long term-growth and value creation and the potential to achieve that goal and the future success of its Linea DNA and Linea IVT platforms.. Actual results could differ materially from those projected due to its history of net losses, limited financial resources, substantial doubt regarding its ability to continue as a going concern, unknown future demand for its biotherapeutics products and services, the unknown amount of revenues and profits that will result from our Linea IVT and/or Linea DNA platforms, the fact that there has never been a commercial drug product utilizing the LineaDNA and/or IVT platforms approved for therapeutic use, the ability of the Company’s common stock to remain listed on Nasdaq as well as various other factors detailed from time to time in Applied DNA’s SEC reports and filings, including its Annual Report on Form 10-K filed on December 17, 2024, its Quarterly Reports on Form 10-Q filed on February 13, 2025, and May 15, 2025, and other reports it files with the SEC, which are available at www.sec.gov. Applied DNA undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date hereof or to reflect the occurrence of unanticipated events, unless otherwise required by law.

Applied DNA Sciences Contact:

Investor Relations contact: Sanjay M. Hurry, 917-733-5573, sanjay.hurry@adnas.com

Web: https://investors.adnas.com/

SOURCE: Applied DNA Sciences, Inc.

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Head to Toe Healthcare is excited to announce that it is expanding its shockwave therapy services.

TUCSON, AZ / ACCESS Newswire / June 17, 2025 / Head to Toe Healthcare, PLC, led by founder and medical director Dr. Alan Shih, has announced the expansion of its shockwave therapy services, bringing globally informed, non-invasive treatment options to more patients in Southern Arizona.

This milestone comes on the heels of Dr. Shih’s recent participation in the 25th World Congress of the International Society for Medical Shockwave Treatment, held in South Korea. There, he engaged with leading practitioners and researchers to deepen his understanding of the fast-evolving field of shockwave therapy and its growing potential across multiple areas of medicine.

“Attending the World Congress was a reminder that the U.S. still has a lot of catching up to do in this space,” said Dr. Shih. “In Europe and Asia, shockwave therapy is a standard option for many conditions. I’m committed to bringing those advancements here to Tucson, to evolve faster than the average and offer my patients the best care available.”

Shockwave therapy, originally developed as a derivative of lithotripsy (a treatment for kidney stones), uses high-energy sound waves to stimulate healing in musculoskeletal tissues. The treatment is completely non-invasive (the skin is not pierced) and has been shown to decrease scar tissue, improve microcirculation, and accelerate recovery times, often without the need for surgery.

At Head to Toe Healthcare, Dr. Shih primarily utilizes shockwave therapy to treat chronic conditions such as Achilles tendonitis and plantar fasciitis, but he is also pioneering its use in other challenging cases, including neuropathy, an area of his clinical expertise.

One of the most appealing aspects of the treatment is its efficacy. When Dr. Shih recommends that his patients engage in the shockwave procedure, it takes roughly 10-15 minutes, once a week, over a span of four weeks in many cases. “Many report feeling significant relief even after the first treatment. Some have dealt with pain for years, and now they’re walking out of here feeling better than they thought possible.”

According to a recent article by the Journal of the American Medical Association, it usually takes around 17 years for evidence to change practice within the medical field delay Dr. Shih finds unacceptable. “If we wait that long, we’re doing our patients a disservice,” he said. “My goal is to constantly evaluate what’s working globally and bring it into practice today, not tomorrow.”

With this latest expansion, Dr. Shih and his team are actively pursuing additional applications of shockwave therapy and are focused on refining treatment protocols for neuropathy and other difficult-to-treat conditions. The healthcare center is also gathering ongoing patient feedback to better measure long-term outcomes and push the frontier of what’s possible with the therapy.

Dr. Shih’s dedication to lifelong learning and innovation has earned him praise throughout Tucson’s medical community, and his patients are feeling the results.

“It’s been astonishing to see our patients getting better after treating them with shockwave therapy,” says Dr. Shih. “My patients are getting better at a much faster rate without the need for surgery. Some of the people I have treated have been suffering for years, and the use of shockwave has allowed them to feel much better, something they didn’t think was possible.”

“It’s been astonishing to see our patients getting better after treating them with shockwave therapy,” said Dr. Shih. “We’re seeing improvements that would typically take months, if not require surgery, happen within weeks. That’s the kind of impact every doctor dreams of making.”

As Head to Toe Healthcare continues to grow its offerings, Dr. Shih remains focused on one mission: providing effective, evidence-based, and future-forward care for every patient who walks through the door.

Media Contact : Dr Alan Shih
Email : hang10@headtotoehealthcare.org
https://headtotoehealthcare.org/
(520) 545-0202

SOURCE: Dr Alan Shih

View the original press release on ACCESS Newswire

NEW YORK CITY, NY / ACCESS Newswire / June 17, 2025 / EquityMultiple, a real estate investment platform for accredited investors, recently released its comprehensive mid-year market outlook examining how rapidly shifting U.S. trade policy is creating both challenges and opportunities across commercial real estate markets.

The report, titled “2025 Second Half Outlook: Market Trends & Voice of the Investor Survey Results,” analyzes the impact of new tariffs on the four core commercial real estate asset classes and provides strategic guidance for investors navigating heightened market volatility. EquityMultiple notes that while tariffs on building materials could present construction challenges, a reduction in new supply competition could benefit existing properties and create opportunities.

The platform’s thesis is straightforward: taking stock of one’s own risk tolerance and diversifying whenever possible is the most prudent approach to investing in uncertain times.

Economic Backdrop Drives Strategic Shifts

The outlook comes as investors grapple with the economic impact of new U.S. tariffs, which led to what the Wall Street Journal described as “one of the wildest weeks in market history” following their April 2 announcement. Despite tariff-related pressures, inflation has slowed more than expected, with the Consumer Price Index increasing just 2.3% year-over-year as of April – its lowest rate since 2021.

The Federal Reserve has adopted a “wait and see” approach, holding interest rates steady at 4.25% to 4.5%, with JPMorgan Chase strategists predicting potential rate cuts in the second half of the year.

Sector Analysis Reveals Mixed Outlook

EquityMultiple’s analysis highlights varying impacts across commercial real estate sectors:

• Industrial emerges as a “bright spot,” with Moody’s projecting 3% annual rent growth in 2025-2026-the highest among major CRE property types

• Multifamily may benefit from reduced new construction competition in the future, with improved fundamentals including lower vacancy rates and rising rents

• Office shows signs of recovery with 39% higher transaction volumes year-over-year in Q1 according to CoStar, driven by return-to-office mandates

• Retail remains “remarkably stable” despite some retailer sentiment concerns following tariff announcements

Geographic Performance Varies Widely

The report identifies significant regional variations, with New York posting over 1 million square feet of positive office absorption and Dallas-Fort Worth leading in both retail and industrial absorption. Conversely, Los Angeles lost 3.1 million square feet of retail space, which reflects broader e-commerce trends.

Investor Sentiment Remains Cautiously Optimistic

According to EquityMultiple’s investor survey data included in the report, a plurality of investors feel “about the same” about their portfolios versus last year and plan to maintain similar investment levels, suggesting measured confidence despite market uncertainty.

Strategic Recommendations Emphasize Diversification

The outlook reinforces EquityMultiple’s long-standing emphasis on diversification across asset classes and geographic markets. It underscores that diversification and understanding risk tolerance are the key strategies for navigating the current fast-moving environment, particularly as global trade disruptions and policy uncertainty create both challenges and opportunities for long-term investment.

EquityMultiple continues to offer investors access to commercial real estate opportunities across its three investment pillars – Keep, Earn, and Grow – spanning multiple asset classes and markets through partnerships with vetted sponsors nationwide. The platform was recently recognized as the “Best Real Estate Crowdfunding Site for Transparency” by Investopedia.

About EquityMultiple

EquityMultiple’s mission is to guide investors toward a stronger, more diversified portfolio. EquityMultiple brings accredited investors curated real estate private equity and private credit offerings, broadening and streamlining access to CRE. Founded in 2015, EquityMultiple has completed 250 transactions totaling over $21 billion in total capitalization across 142 markets nationwide. For more information, visit equitymultiple.com.

Contact Information

Daniel Brereton
press@equitymultiple.com
+16468449918

SOURCE: Equity Multiple Inc

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From a spark of inspiration in Brazil to closets across the country, COCO On The Go marks a decade of redefining elevated athleisure, and dressing the women who move the world.

LOS ANGELES, CA / ACCESS Newswire / June 17, 2025 / This year marks the 10th anniversary of COCO On The Go, the luxury athleisure brand known for blending everyday movement with head-turning design. Worn by some of LA’s most stylish women – from TV personalities to tastemakers and wellness insiders – COCO has become synonymous with the kind of confidence you can feel, stretch, and live in.

Founder Nicole Bowyer, the visionary behind COCO On The Go‘s fashion-forward athleisure. Photo by Frankie Batista Studio.

Founded in 2015 by Nicole Bowyer, the idea for COCO began on a trip to Brazil where Bowyer was struck by the unapologetic confidence of women embracing their bodies without hesitation. That moment became the heartbeat of the brand: helping women silence self-criticism and get dressed without judgment.

Ten years later, COCO has evolved into a lifestyle staple, found in exclusive locations like LifeTime Fitness, MGM Resorts like Aria and the prestigious Cosmopolitan. The elevated brand is a favorite of The Real Housewives of Orange County and other influential women across wellness, fashion, and media. With its signature silk-blend jacquard, sculpting silhouettes, and breathable four-way stretch, each piece is made to move, taking women seamlessly from workout to work, errands to evening.

“There’s nothing more powerful than a woman who feels good in her skin,” says Bowyer. “COCO was created to give women that feeling, every single day.”

COCO’s journey has been anything but ordinary. In the early days, Bowyer and her mom once spent hours hand heat-pressing logos onto garments after receiving a shipment with missing labels. That same resourcefulness and love still drives the brand today.

COCO On The Go model poses in the LA hills above the coast in the Mint Cove sports bra and leggings. Photography by Charlotte Batista.

As COCO On The Go enters its next decade, the brand is setting its sights on expanded retail presence, including the launch of its first brick-and-mortar location. With aspirations to be carried by top-tier retailers like Neiman Marcus, Saks Fifth Avenue, and Nordstrom, COCO is ready to bring its signature blend of movement, versatility, and modern femininity to women across the globe.

Explore the full collection at cocoonthego.com
Press inquiries, samples, or founder interviews: chatterbox@chatterboxbrands.com

SOURCE: Chatterbox Brands

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Amendment to Agreement with Seller Reduces Cash Obligation by $1.5 million; and Reduces Stock Requirement by 1.5 million Shares; Closing Expected by end of July 2025

HOUSTON, TX / ACCESS Newswire / June 17, 2025 / EON Resources Inc. (NYSE American:EONR) (“EON” or the “Company”) announced that on June 13, 2025 the Company amended the Purchase, Sale, Termination and Exchange Agreement dated February 10, 2025 with Pogo Royalty, LLC (“Pogo” or “Seller”). Closing on the terms of the amendment will result in further improvement to the restructuring of EON’s balance sheet by reducing the total cash obligation of the Company to Seller by $1.5 million (from $22.0 million down to $20.5 million), and reducing the stock issuance consideration to Seller by 1.5 million shares of Class A Common Stock (down from 3.0 million Class A shares). A copy of the Original Agreement Press Release dated February 11, 2025 appears on the Company’s website.

The amendment also extends the outside closing date to September 15, 2025. However, the Company currently expects to close in July or early August with Enstream Capital Management, LLC (“Enstream”). Enstream is well underway to complete the due diligence efforts, and funding is expected to follow a few weeks later at the conclusion of final documents. The Enstream funding is a revenue sharing and volumetric funding arrangement as described in the Enstream LOI Press Release dated March 20, 2025, which may be accessed on the Company’s website.

Due to weakened oil prices over the past two and half months, Enstream reduced their original funding for the cash obligations to the Seller and to the senior secured lender, First International Bank & Trust (“FIBT”). The Seller and FIBT cooperatively worked with EON to achieve an excellent outcome for all parties to retire these obligations.

Key aspects of the agreement with Seller (as amended) are:

• The retirement of a promissory note to Seller in the original principal amount of $15.0 million plus accrued interest of approximately $4.0 million for the amended cash obligation of $7.0 million (reduced from $8.0 million in the February 2025 agreement).

• The purchase from Seller of a 10% Overriding Royalty Interest (“ORRI”) in the Company’s oil field property for the amended cash obligation of $13.5 million (reduced from $14.0 million in the February 2025 agreement).

• The repurchase of 100% of preferred units held by Seller in EON’s subsidiary that has a redemption value of approximately $27 million. The amended purchase obligation is 1.5 million shares of Class A Common Stock (reduced from 3.0 million shares in the February 2025 agreement).

• The total consideration payable to Pogo/Seller in connection with the restructuring consists of the issuance of 1.5 million shares of EON’s Class A Common Stock to the Seller together with $20.5 million in cash inclusive of and for the purchase of the ORRI in the Company’s oil field property and satisfaction of approximately $40 million in debt and other obligations.

• The agreement, as amended, is subject to various closing conditions, including, without limitation, that the Company obtain adequate financing to fund the cash consideration portion, and that the agreement shall terminate if the closing does not take place by September 15, 2025. The amendment contains mutual general releases that became effective June 13, 2025, upon execution of the amendment.

“Over the past 18 months, EON has continued to develop its Grayburg-Jackson Oil Field by reinvesting available cash flow into field enhancements,” said Dante Caravaggio, President and CEO of EON. “The overhang from our De-SPAC transaction in terms of one-time expenses, and a very complicated and burdened balance sheet, has restricted our ability to unlock the underlying potential and value of our assets. This transaction should create immediate value for our stockholders.”

About the Grayburg-Jackson Oil Field Property

LH Operating, LLC (“LHO”), a wholly owned subsidiary of EON, operates its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico.

Leasehold rights of LHO include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2024 reserve report from our third-party engineer, Haas and Cobb Petroleum Consultants, LLC (“Haas & Cobb” or “Cobb”), reflects LHO to have proven reserves of approximately 14.0 million barrels of oil and 2.8 billion cubic feet of natural gas. The mapped original-oil-in-place (“OOIP”) in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956,000,000 barrels of oil.

Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a low decline rate.

About EON Resources Inc.

EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON’s long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties.

EON’s Class A Common Stock trades on the NYSE American Stock Exchange (NYSE American: EONR) and the Company’s public warrants trade on the NYSE American Stock Exchange (NYSE American: EONR WS). For more information on EON, please visit the Company’s website: https://eon-r.com/

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects,” “believes,” “anticipates,” “intends,” “estimates,” “seeks,” “may,” “might,” “plan,” “possible,” “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company’s management’s current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors – including the availability of funds, the results of financing efforts and the risks relating to our business – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on EDGAR (see www.edgar-online.com) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Investor Relations

Michael J. Porter, President
PORTER, LEVAY & ROSE, INC.
mike@plrinvest.com

SOURCE: EON Resources Inc.

View the original press release on ACCESS Newswire

Georgia-Based Startup is Redefining How Everyday Americans Reclaim Forgotten Assets from Institutions That Lost Touch

ATLANTA, GA / ACCESS Newswire / June 17, 2025 / GovRecover, a licensed, tech-enabled asset recovery service, announced today it has surpassed $16.2 million in recovered funds-less than a year after its founding in June 2024. Making a meaningful difference for everyday Georgians, the bootstrapped startup is modernizing one of the most outdated and overlooked areas of personal finance using cutting-edge tools and human-first support.

GovRecover is shining a light on a financial blind spot many Americans don’t even realize exists-a hidden ecosystem of forgotten bank accounts, uncashed checks, insurance payouts, and dormant assets that quietly transfer to institutional holding accounts after periods of inactivity. These funds often fall through the cracks due to outdated addresses, name changes, or administrative oversight. Once assets are deemed abandoned, they’re frequently held by institutions-including government agencies and state departments-that rarely notify the rightful owners and, in many cases, are allowed to hold onto the money indefinitely.

“Most people have no idea they’re owed money-sometimes thousands of dollars-because the system isn’t designed to proactively return it,” said Ricky Maldonado, Co-Founder and CEO of GovRecover. “For everyday Americans, that money can mean groceries, rent, or a sense of financial security. We created GovRecover to fix a broken process and bring it into the modern era. With powerful technology, clear communication, and zero upfront costs, we’re turning what used to be a bureaucratic black hole into something empowering, transparent, and human.”

GovRecover offers a risk-free, no-upfront-cost model powered by proprietary search tools, SMS support, and a streamlined digital-first experience. Recovering funds is as simple as verifying your identity and letting GovRecover’s team handle the paperwork-through to the moment a check arrives in your mailbox.

Here’s how it works:

• Discovery – Funds are identified through deep searches of institutional and government-held databases.

• Outreach – GovRecover contacts the rightful owner or responds to inbound inquiries.

• Verification – Identity is confirmed to prevent fraud.

• Processing – The GovRecover team manages all filings and paperwork.

• Recovery – Once the claim is approved, the individual receives the funds. Only then does GovRecover collect a commission-if you don’t get paid, they don’t get paid.

By removing friction, risk, and red tape, GovRecover is transforming what was once a painful and opaque process into a secure, seamless experience.

“GovRecover helped me to get back a life insurance policy that I thought was long gone,” said Michelle G. from Atlanta.

To learn more, or for people in Georgia, find out if you’re owed forgotten funds, visit www.govrecover.org.

About GovRecover
GovRecover is a licensed, tech-driven service dedicated to helping individuals reclaim dormant bank accounts, unpaid insurance policies, and other overlooked assets. By combining advanced technology, no-upfront-fee policies, and SMS inquiry support, GovRecover continues to make the recovery process secure, transparent, and user-friendly-proving that reclaiming lost money can be both legitimate and straightforward. For more information, visit www.govrecover.org.

Media Contact:
Contact: Ricky Maldonado, Co-Founder
Email: media@govrecover.org
Phone: 6785510236

SOURCE: govrecover

View the original press release on ACCESS Newswire